And some people may receive £150 instead
Santander has reached out to many of its UK customers, letting them know they can get £100 cashback when they “help protect their tomorrow”. In emails, the banking giant said: “We know life can get hectic, and taking care of everything on your to-do list can sometimes seem impossible.
“But, we’re here to help you take the first step towards lasting peace of mind.” Emails add that customers can get £100 cashback with any new life insurance policy, with the money deposited automatically and no need to make a claim.
Premiums start from £5 a month, Santander added, and there are many cover options including policies for families, over 50, and to cover critical illness. The financial institution continued: “This offer could be withdrawn at any time.
“You’ll get your cashback 280 days after you’ve taken out a policy as long as you haven’t cancelled it. If your policy’s in joint names, only the first named policyholder will get the cashback. T&Cs apply.”
Further information on Santander’s website explains that new Santander life insurance customers will get £100 cashback when taking out a new life insurance policy, while new and existing Santander mortgage, Private Banking, Select and current account holders from the Santander Edge current account range will receive £150 cashback when taking out a new life insurance policy.
Elsewhere, eligible people who switch their current account to one with Santander could receive a £200 bonus. Santander said it will “transfer £200 into your eligible account within 90 days of your request to switch when you use the Current Account Switch Service [CASS].”
You’ll also need to complete the full switch within 60 days, pay at leas £1,500 into the account, and have two active household Direct Debits. Those who held a current account with Santander on January 1, 2025, or have previously received a Santander switcher incentive, will not be eligible for the switching bonus. Offer may be withdrawn at any time. T&Cs apply.
